ΝΕΑ ΧΩΡΙΣ ΦΙΛΤΡΟ ΦΕΛΛΟΥ

Νέα και Παράξενα-Σελίδες εναλλακτικής πληροφόρησης και ειδήσεων-alternative informations

Posts Tagged ‘Creditors’

Details Emerge About Spain’s Cramming Down «Bailout» Loan | ZeroHedge

Posted by satyrikon στο 10 Ιουνίου, 2012

The biggest problem, as Greece learned, is that once the priming begins, and the various sovereign debt classes start becoming subordinated, it doesn’t end, until the PSI. At which point the crammed down debt gets impaired and receives 20 some cents on the dollar recoveries… at which point Grey Wolf will tell you it is the «no-brainer trade» of the year.

Keep a close eye on Spanish sovereign bonds at the moment when the bond market understands what just happened, and once the euphoria over the very short-term bailout of insolvent Spanish banks passes. Because a month from today another €100 billion will be required, then another €100, and so on.

At that point even the officially acknowledged Spanish debt/GDP will surpass 100%.

via Details Emerge About Spain’s Cramming Down «Bailout» Loan | ZeroHedge.

Posted in ΕΠΙΚΑΙΡΟΤΗΤΑ | Με ετικέτα: , , , , , , , , | Leave a Comment »

Spain IS Greece After All: Here Are The Main Outstanding Items Following The Spanish Bailout

Posted by satyrikon στο 9 Ιουνίου, 2012

Submitted by Tyler Durden on 06/09/2012

After two years of denials, we finally have the right answer: Spain IS Greece. Only much bigger. So now that the European bailout has moved from Greece, Ireland and Portugal on to the big one, Spain, here are the key outstanding questions.

1. Where will the money come from?

De Guindos, Schauble and the Eurogroup, all announced that the sole source of cash would be the ESM and/or the EFSF. The problem with this is that the ESM has yet to be ratified by Germany, whose parliament said previously it is sternly against allowing the ESM to fund a direct bank bailout, something which just happened. Thus, the successful German ESM ratification vote, whenever it comes, and which previously was taken for granted, now appears to be far more questionable.

Διαβάστε τη συνέχεια του άρθρου »

Posted in ΕΠΙΚΑΙΡΟΤΗΤΑ | Με ετικέτα: , , , , , , , , , , , , , , , , , , , | Leave a Comment »

 
Αρέσει σε %d bloggers: